(a) As used in this act [§§ 99-2-301 through 99-2-304]:

(i) 'Commission' means the Wyoming water development commission;

(ii) 'Sponsor' means the municipality, conservancy district, irrigation district, water district, improvement and

service district, water and sewer district, watershed improvement district or joint powers board that will receive funding for one of the projects identified in section 3 or 4 of this act [§ 99-2-303 or 99-2-304];

(iii) 'Water development account I' means the account created by W.S. 41-2-124(a)(i);

(iv) 'Water development account II' means the account created by W.S. 41-2-124(a)(ii). (Laws 1993, ch. 89, § 1.)